Renovated Duplex with Guest
For Sale
$799,000
233 Elm Street, Staten Island, NY 10310
Two three-bedroom apartments are complemented by a separately accessed guest room with its own bathroom.
Property Size1,956 SF
Price / SF$408.49
Days on Market19
Property Features for 233 Elm Street
General Information
Standard status
Active
Size
1,956 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,756
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Entrance Foyer
Recessed Lighting
Building Details
Building Size
1,956 SF
Year Built
1925
Buildings
1
Units
2
Listing Agency:
LINY Real Estate
(516) 849-9691
Listed By:
Humayun Zaman SFR
(347) 413-1936
Source:
Halknopfrealty
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 3:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LINY Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains 1,956 square feet across two apartments, each arranged with three bedrooms and one full bathroom. A separate guest room has its own bathroom and entrance. Renovations include new kitchens, refreshed bathrooms, flooring, and interior doors, along with electrical and plumbing improvements. The full basement is unfinished and provides storage space. A private backyard completes the property.
Built in 1925, the residence is at 233 Elm Street in Staten Island. Public transportation, shopping, restaurants, and everyday services are nearby.
Built in 1925, the residence is at 233 Elm Street in Staten Island. Public transportation, shopping, restaurants, and everyday services are nearby.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 full bathroom
- Separate guest room with private bathroom and separate entrance
- 1,956 square feet; full unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,642
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,840
$972.8K
Cap Rate 7%
$694,886
$694.9K
Cap Rate 9%
$540,467
$540.5K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$72.8K $37.20/SF
− Vacancy
−$3.3K −$1.67/SF
EGI
$69.5K $35.53/SF
− OpEx
−$20.8K −$10.66/SF
NOI
$48.6K $24.87/SF
Area
Staten Island, NY
Vacancy
4.50%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,840
Cap Rate 7%
$694,886
Cap Rate 9%
$540,467
Alternative Uses
Best Use
Multifamily LT 5
$694.9K
$608.0K – $810.7K
NOI $48,642 @ 7.0% cap · market cap 6.09%
Second Best
Apartment 5plus
$619.7K
$542.2K – $722.9K
NOI $43,376 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$933.3K
$816.6K – $1.09M
NOI $65,331 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,779
Businesses Nearby
Explore this area
Business Placement
Demographics for 10310, NY
26,667
Population
9,909
Households
2.7
Avg Household Size
37
Median Age
31%
College-Educated
88%
High-School Grad
1.8 sq mi
ZIP Area
14,815
Density / Sq Mi
$106,118
Median Household Income
$57,861
Median Earnings
$1,638
Median Rent
$623,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments are complemented by a separately accessed guest room with its own bathroom.
Where is this duplex located?
The property is located at 233 Elm Street Staten Island, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 full bathroom; Separate guest room with private bathroom and separate entrance; 1,956 square feet; full unfinished basement
